Oakmark's Bill Nygren: 'We Were Seriously Off' in Forecast for GE

- By Holly LaFon

Bill Nygren (Trades, Portfolio), head of the Oakmark Fund, said on CNBC on Thursday afternoon that while GE was a "swing and a miss" from last time he appeared on the program, he still believes it deserves a fresh look.

• Warning! GuruFocus has detected 4 Warning Signs with GE. Click here to check it out.

• GE 15-Year Financial Data

• The intrinsic value of GE

• Peter Lynch Chart of GE

GE (GE) was the worst performer in a portfolio of over 50 names in the fourth quarter, Nygren said. He continues to like the stock, however, because of its change in executive leadership and earnings coming from other divisions, specifically health care and aviation.

"We like the new people. It's very hard to take a fresh look at something that's been this disappointing but we think with a fresh look GE deserves to be in the portfolio today," Nygren said.



Oakmark Fund's Bill Nygren: GE clearly 'a swing and a miss' from CNBC.


This article first appeared on GuruFocus.

• Warning! GuruFocus has detected 4 Warning Signs with GE. Click here to check it out.

• GE 15-Year Financial Data

• The intrinsic value of GE

• Peter Lynch Chart of GE